Brazil's B3 will launch ETH and SOL futures contracts on June 16

These two futures contracts have been approved by the Brazilian Securities Commission (SEC) or the Brazilian Securities Market Regulatory Authority (CVM). Futures contracts allow institutional investors to invest in crypto assets without having to deal with custody issues. This is similar to ETFs. This is an important consideration for institutional investors, particularly for smaller companies, who can refer to this option.

They do not hold the assets themselves but purchase shares from asset providers. In this case, the asset provider is the Brazilian Stock Exchange B3. They hold the underlying assets and are responsible for custody. These institutions only need to purchase fund shares.